In the worst case scenario, the sale of the Democratic Party...'Lee Jae-myung risk' to return 43.4 billion won [Now News]

In addition, the Democratic Party of Korea has to return 43.4 billion won in presidential election expenses as well as political repercussions after the first trial of Lee Jae-myung's alleged violation of the Public Official Election Act was invalidated and deprived of his right to run for election.

If there is no money to pay back in the party right away, the sale of the Democratic Party of Korea located in Yeouido seems inevitable in the worst case.

The Seoul Central District Court's Criminal Agreement Department 34 (Chief Judge Han Sung-jin) sentenced Lee, who was indicted on charges of violating the Public Official Election Act, to one year in prison and two years of probation.

If the results of the first trial are confirmed by the Supreme Court, Lee will lose his parliamentary seat and be deprived of his right to run for 10 years.

If the sentence is confirmed by the Supreme Court before March 2027, the presidential election day, Lee will not be able to pursue the next presidential election.

The sentence could also take a toll on Democrats, as they would have to return 43.4 billion won in 2022 presidential election costs to the National Election Commission if the Supreme Court upheld the suspended prison sentence.

Even if a person is not elected in the presidential election, the recommended party must return the amount returned and preserved if he receives the nullification of the election prescribed by the Public Official Election Act.

The party must pay within 30 days of receiving the notice from the NEC, and if not, the tax office having jurisdiction over the candidate's address will collect it.

In the worst case for the Democratic Party of Korea, it could be a situation in which it has to make a return amount even by disposing of the Democratic Party of Korea located in Yeouido.

The Democratic Party purchased the current Democratic Party of Korea for about KRW 19.3 billion in September 2016, and according to real estate information provider Real Estate Planet, the value of the Democratic Party is estimated to be about KRW 34 billion as of this day.

The Democratic Party of Korea faces a challenge to continue its ruling in tension until the 2nd and 3rd trials, along with worsening public opinion, ahead of the first trial of Lee's perjury teacher on the 25th.



AI Anchor|Y-GO
Edit Caption | Lee Mi-young


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